Sec. 304.104. ACCRUAL OF PREJUDGMENT INTEREST. Except as provided by Section 304.105 or 304.108, prejudgment interest accrues on the amount of a judgment during the period beginning on the earlier of the 180th day after the date the defendant receives written notice of a claim or the date the suit is filed and ending on the day preceding the date judgment is rendered. Prejudgment interest is computed as simple interest and does not compound.
Amended by Acts 1999, 76th Leg., ch. 62, Sec. 7.18(a), eff. Sept. 1, 1999.
Structure Texas Statutes
Title 4 - Regulation of Interest, Loans, and Financed Transactions
Chapter 304 - Judgment Interest
Subchapter B. Prejudgment Interest in Wrongful Death, Personal Injury, or Property Damage Case
Section 304.101. Applicability of Subchapter
Section 304.102. Prejudgment Interest Required in Certain Cases
Section 304.104. Accrual of Prejudgment Interest
Section 304.1045. Future Damages
Section 304.105. Effect of Settlement Offer on Accrual of Prejudgment Interest
Section 304.106. Settlement Offer Requirements to Prevent Prejudgment Interest Accrual
Section 304.107. Value of Settlement Offer for Computing Prejudgment Interest